Pethealth Inc.

Pethealth Inc.
Fairfax Financial Holdings Limited

Fairfax Financial Holdings Limited

November 14, 2014 13:52 ET

Fairfax Completes Acquisition of Pethealth Inc.

TORONTO, ONTARIO and OAKVILLE, ONTARIO--(Marketwired - Nov. 14, 2014) - Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) ("Fairfax") and Pethealth Inc. (TSX:PTZ) ("Pethealth") announced today that Fairfax has completed the acquisition of all issued and outstanding common shares and preferred shares of Pethealth through a plan of arrangement (the "Arrangement") whereby, among other things, 8653291 Canada Inc., a wholly-owned subsidiary of Fairfax, acquired all of the issued and outstanding common shares and preferred shares of Pethealth. Under the terms of the Arrangement, former shareholders of Pethealth are entitled to $2.79, in cash, for each common share and each preferred share of Pethealth held. Preferred shareholders are also entitled to receive, in cash, an amount equal to all accrued dividends up to, but not including the effective date of the Arrangement. It is expected that the common shares of Pethealth will be delisted from the TSX on or about November 18, 2014.

Shareholders with questions about submitting securities to the Arrangement, including with respect to completing the applicable letter of transmittal, can contact Computershare Investor Services Inc. toll free (North America) at 1-800-564-6253 or outside North America at 1-514-982-7555 or by email at Further information regarding the Arrangement is also available in the Company's management information circular which is available on SEDAR (

About Fairfax

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

About Pethealth

Pethealth is North America's second largest provider of medical insurance for dogs and cats to pet owners, operating in the United States, Canada and the United Kingdom. In addition, the Company is the leading provider of management software to North American animal welfare organizations through its SaaS-based application and is the leading provider of pet related database management services to the North American companion animal industry. Pethealth offers a unique range of products and services for veterinarians, shelters and pet owners through a number of wholly owned subsidiaries using a range of brand names including PetCare, 24PetWatch, Pet Protect, Petpals Direct, PetPoint, and

Pethealth is based in Oakville, Ontario. To find out more about Pethealth, visit the web site at

Forward-Looking Statements

This press release contains information that is forward-looking information within the meaning of applicable securities laws. In some cases, forward-looking information can be identified by the use of terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or the negative of these terms or other similar expressions concerning matters that are not historical facts.

Forward-looking information by its nature necessarily involves risks and uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future events, performance or achievements expressed or implied by such forward-looking information. If any of these risks or uncertainties were to materialize or if the factors and assumptions underlying the forward-looking information were to provide incorrect, actual results could vary materially from those that are expressed or implied by such forward-looking information.

Risks and uncertainties regarding Fairfax are described in its most recently issued Annual Report which is available at and in its Supplemental and Base Shelf Prospectus (under "Risk Factors") filed with the securities regulatory authorities in Canada, which is available on SEDAR at Risks and uncertainties regarding Pethealth are described in Pethealth's most recent Annual Information Form which is available on SEDAR at Each of Fairfax and Pethealth disclaims any intention or obligation, other than those required by securities laws, to update or revise any forward-looking information.

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